GBP/JPY declines below 161.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Thursday, the GBP/JPY currency pair declined. The decline started after a failed approaching of the resistance of the 100-hour simple moving average and the 164.00 mark. By the middle of Thursday's trading, the pair had declined and shortly reached below the 161.00 mark.

In the meantime, the markets were expecting the Bank of England rate hike at 12:00 GMT.

In the case of the pair surging, note the resistance spread out from 162.40 up to the 164.00 mark. These levels have to be broken, prior to reaching the 165.00 level and the technical resistance above it.

On the other hand, a potential decline is set to look for support in the 160.00 level and the weekly S2 simple pivot point at 159.87.
Back to articles

Actual Topics

Thu, 16 Jun 2022 10:53:30 GMT

USD/CAD recovers after Fed hike

The USD/CAD reacted to the Fed Press conference with a decline down to the 1.2862 level. At midnight to Thursday, the level was approached by the support of the 100-hour simple moving average. The SMA was enough to cause a recovery. By the middle of the day's Euroepan trading hours, the pair had recovered to the 1.2950 mark. If the rate

Thu, 16 Jun 2022 10:28:06 GMT

AUD/USD recovers to 0.7000

The US Federal Reserve caused a decline of the US Dollar on Wednesday despite actually hiking rates more than expected. The decline occurred due to what was said by the head of the Federal Reserve Jerome Powell. However, starting from midnight hours to Thursday, the US Dollar started to strengthen. On the AUD/USD charts it resulted in an initial move

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.